26 results for “depreciation”+ Section 119(2)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
section 36(1)(vii) of the I.T. Act, 1961. 2. Briefly, the facts of the case are that the record of the appellant- company filed return of income declaring net income of Rs.11,95,70,120/- on 31.03.2017. During the course of scrutiny proceedings, the AO noticed that as per the audited profit and loss account, the assessee had earned